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EQSTRA HOLDINGS LIMITED - TRADING STATEMENT AND YEAR END RESULTS PRESENTATION

Release Date: 06/08/2012 11:03
Code(s): EQS     PDF:  
Wrap Text
TRADING STATEMENT AND YEAR END RESULTS PRESENTATION

Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS, EQS1, EQS2, EQS4
ISIN: ZAE000117123
(“Eqstra” or “the group”)

TRADING STATEMENT AND YEAR END RESULTS PRESENTATION

In compliance with the Listings Requirements of the JSE Limited,
issuers are required to publish a trading statement as soon as they
are satisfied, with a reasonable degree of certainty that the
financial results for the period to be reported on will differ by at
least 20% from those of the previous corresponding reporting period.
Shareholders are advised that the group anticipates earnings per
share (EPS) to increase by between 20% and 30% and headline earnings
per share (HEPS) to decrease between 1% and 7% for the year ended 30
June 2012 when comparing continuing operations to non-restated HEPS
and EPS as reported at 30 June 2011.
Restatement of prior period’s EPS and HEPS
In addition, shareholders are advised that the corresponding period’s
EPS and HEPS of 71.5 cents per share and 77.9 cents per share,
respectively, have been restated in terms of IFRS5: Non-current
assets held for sale and discontinued operations to 66.3 cents per
share and 72.6 cents per share respectively for continuing
operations.
A portion of the Construction and Mining Equipment Distributorship
division has been classified as discontinued operations, as a result
of the sale of the Eqstra Mining Services business unit and the
termination of a distribution agreement.
Audit review
The financial information, on which this trading statement is based,
has not been reviewed and reported on by Eqstra’s external auditors.
The statement is based on financial information available at the time
of this publication.
Results presentation
Eqstra’s year end results will be released on SENS on 21 August 2012.
The group will be updating the market on its business in a
presentation in Johannesburg on the same day, which will also be
webcast on www.eqstra.co.za, and in Cape Town on 22 August 2012. The
presentation and dial-in codes will be available on 21 August 2012
for all stakeholders on the group’s website www.eqstra.co.za
Kempton Park
6 August 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
 

Date: 06/08/2012 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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